Category Archives: Week 12

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The company I am working in currently is a projectized organization. The work we are handling is basically managing multiple projects in order to develop and build an operating refinery. This involves a continuous form of meetings and reporting to various stake holder (whether it was a shareholder or contractor) that sometimes require quick decision making. This calls to use a tool such as dashboard performance reporting where it is an easy to read information management tool that illustrates visually KPIs, metrics, and other key data points relevant to a business, department, or specific process. Currently the most common visual illustration report is an S Curve reports which is a representation of the projects performance in terms of schedule and cost i.e (SPI and CPI). These reports often lead to further questions that require further explanation that these graphs do not fully cover. This leads to the topic of this blog; can we have a more comprehensive dashboard that could illustrate key aspects of the project in a simple graphical manner that give status summary in brief and trigger early warning alert that would allow for prompt action and decision making.

As a focal point of the my department in the HSE champion committee for 2014 as the HSE department started to take a main rule in the most of the company’s business, I thought to propose new program to them to be implemented with cost associated to apply it. This program provides a path to workplace safety excellence by making safe behavior and workplace conditions part of the work culture, thus preventing injuries and incidents. The program allows employees and members of supervision and management to use techniques needed to ensure the safety behavior of themselves, their colleagues and contractors working through conducting informal behavioral observation. This cost estimation could help the other department to make such decision.

With reference to my w12 & w3.1 posted blog Cost Estimation for a Maintenance Project, my company encountered leak in fire water pond. The fire water pond bottom material is rubber liner. It is proposed to do permanent solution to overcome the problem for ever. The solution is to make the bottom of the pond concrete instead of existent rubber liner. In the previous blog(w3.1) cost estimation done for the project. In this blog project duration will be estimated using Three Point Estimate method with Probability of 95.

With reference to my w3.1 posted blog Cost Estimation for a Maintenance Project, my company encountered leak in fire water pond. The fire water pond bottom material is rubber liner. It is proposed to do permanent solution to overcome the problem for ever. The solution is to make the bottom of the pond concrete instead of existent rubber liner. In the previous blog(w3.1) cost estimation done for the project. In this blog project duration will be estimated using Three Point Estimate method.

As a part from Field Development Program (FDP) it recommends introducing to upgrade the oil shipping facility. In this project two Oil transfer pumps to be installed in B station to increase the shipping capacity from 20,000 ppd to 50,000 ppd. In the below table a summary of project activities:

The company has gone through bad experiences in performing some of the critical projects because of contractors. One of the main reasons behind these fails is the contractor. Either the contractors delay the work or go ahead of schedule there’s neither penalty nor advantages. Now the company is about to release a new project for a DSC system (software) for a new petrochemical plant. The DCS system (Distributed Control System) has to ready and running up once the plant is established and start. No delay is acceptable and an early finish is much much much preferred. Target is 180 days.

Continue exploring IRR,ERR and MARR discussed in my previous blog (W11). The portfolio of projects (5 no#) were ranked by IRR and ERR and we ended with only one location which can satisfy the hurdle rate. in this blog we are going to do the same but taking the operating cost in consideration. As the idea is to construct a Building of 12 apartments, my experience the average operating cost for an apartment in Salalah is around 30 OMR per month (electricity and water) .